German Meat Processing Company Mulls Investment in BulgariaBusiness | March 16, 2015, Monday // 20:44| views
Bulgaria's Economy Minister Bozhidar Lukarski visited a meat factory in North Rhine-Westphalia. Photo by BGNES
A meat processing company based in Germany’s federal state of North Rhine-Westphalia mulls an investment in Bulgaria, according to Economy Minister Bozhidar Lukarski.
Lukarski’s visit to North Rhine-Westphalia brought the news that the company, whose name remains unspecified, could build a production facility, possibly in northern Bulgaria, according to reports of the Economy Ministry.
The company manufactures food preparations for Germany, Spain, Hungary, Slovenia, Romania, and other markets.
Provided that the German company decides to open a production facility in Bulgaria, a total of 130 jobs will be created at the plant.
The company will be supplied with raw materials by local livestock farmers, thereby additionally boosting employment in the sector.
The logistics will also be carried out by a Bulgarian company, while the output will be exported.
Managers of the German company are to visit Bulgaria to examine the possibilities for opening a site in northern Bulgaria.
During Lukarski’s visit to North-Rhine Westphalia, Bulgaria’s Economy Minister also met with representatives of BHTC, a manufacturer of control panels and units for vehicle air conditioning.
BHTC is a key investor in the Industrial Zone Sofia-Bozhurishte.
“The first stage of our investment was implemented successfully and we have reached the stage of production,” said BHTC Managing Director Andreas Teuner.
Teuner made clear that BHTC’s investment was being closely followed by all major partners of the company, adding that a successful completion of the project would be a clear sign of Bulgaria’s potential in the sphere to firms interested in expanding their production.
Teuner told Lukarski that other investors had asked BHTC about the opportunities offered by the Industrial Zone Sofia-Bozhurishte with a view to developing a production facility in Bulgaria.
Teuner said that one of the companies interested in setting foot in the Industrial Zone Sofia-Bozhurishte was operating in the automobile industry, while the other one specialized in human resources and recruitment in the sphere of research in particular.
He informed that BHTC’s unit in Bulgaria had a total headcount of 90, with plans to increase the staff to 200 by end-2015 and to 300 in 2016.
Teuner said that the R&D center of the company in Bulgaria would be developed simultaneously.
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